Following Madras HC Order, Bar Council Of TN & Puducherry Issues Circular Mandating Stipend For Junior Lawyers

Following an order from the Madras High Court asking all Advocates and Senior Advocates to pay a stipend of Rs 15k-20k to junior lawyers, the Bar Council of Tamil Nadu and Puducherry has issued a circular intimating the order to all the lawyers and for implementing the same. “ln view of the order passed by the Hon'ble High Court of Madras in W.p. No. 1797612019 dated 12.06.2024,...

In A First, Chhattisgarh HC Chief Justice Ramesh Sinha Virtually Monitors National Lok Adalat Across 23 Districts

On Saturday, the Chief Justice of the Chhattisgarh High Court, Justice Ramesh Sinha, virtually connected with all 23 districts from the High Court to oversee the progress of this year's second National Lok Adalat. The Lok Adalat held this time was unique in the sense that it was closely supervised by Chief Justice Sinha, who is also the Patron-in-Chief of the Chhattisgarh State Legal...

Failure To Maintain Registered Office: Registrar Of Companies Imposes Penalty Of Rs. 2 Lakhs On TDMax Manufacturing & Services & Its Directors

The RoC, Uttar Pradesh has imposed a penalty on Rs. 2 Lakhs for failure to maintain a registered office for receiving communications and notices. Section 12(1) of the Companies Act, 2013 mandates that every company, from the date of its incorporation and at all times thereafter, must have a registered office capable of receiving and acknowledging all communications and...

SEBI Fines Berkeley Securities Ltd Rs. 9 Lakh For Regulatory Violations

The Securities and Exchange Board of India (SEBI) has levied a fine of Rs. 9 lakh on Berkeley Securities Ltd, a SEBI-registered stock broker, for multiple infractions of regulatory norms.Berkeley Securities was found to have misused credit balance client funds on several occasions. This misuse involved utilizing funds meant for credit balance clients to meet obligations of debit balance...

Failure To Contribute CSR Fund: Registrar of Companies Imposes Rs. 1.06 Crore Penalty On Ganesh Green Bharat Limited And Its Director

The Registrar of Companies, Ahmedabad has imposed a penalty of Rs. 1.06 Crore on Ganesh Green Bharat Limited and its director failing to contribute Corporate Social Responsibility (CSR) funds during the financial years 2021-22 and 2022-23. Section 135(5) of the Companies Act, 2013 mandates that every company meeting certain financial thresholds must spend at least two percent of...

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

The Securities and Exchange Board of India (SEBI) has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies (CRAs). These new regulations, set to take effect from August 1, 2024. One of the changes introduced by SEBI is the establishment of specific timelines for various actions taken by CRAs. Previously, timelines...

SEBI Releases Master Circular On Surveillance of Securities Market

The Securities and Exchange Board of India (SEBI) has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade (TFT) segment. Trade for...

Former Kerala HC Acting CJ Alexander Thomas To Be Appointed As Chairperson Of Kerala State Human Rights Commission

The Committee of Kerala Chief Minister Pinarayi Vijayan, Leader of Opposition V. D. Satheeshan and Speaker A. N. Shamseer has decided to appoint former Judge of Kerala High Court Justice Alexander Thomas, as the Chairman of State Human Rights Commission. The notification shall be issued once the recommendation is approved by the Governor.Justice Thomas was appointed as the Additional Judge...

Supreme Court Collegium Recommends Appointment Of Justice Nitin Jamdar Of Bombay HC As Kerala HC Chief Justice

The Supreme Court Collegium has recommended the appointment of Justice Nitin Jamdar Of Bombay High Court as the Chief Justice of the Kerala High Court."Bearing in mind that Mr Justice Nithin Madhukar Jamdar is the seniormost puisne Judge of the High Court of Bombay with experience on the judicial and administrative side, the Collegium recommends his appointment as Chief Justice of the High...

'Some Judges Treating Themselves As God': Allahabad HCBA Urges Members To Not Address Judges As 'My Lord' Or 'Your Lordship'

The Allahabad High Court Bar Association (HCBA) has urged its members to stop addressing judges with the titles 'My Lord' or 'Your Lordship' and rather, use any other respective pronounce like 'Sir', 'Your Honour' or 'माननीय'. A statement in this regard was issued today after a meeting of the association's Executive Body, during which concerns were raised about certain...

SEBI Seeks Public Input On Amendments To REITs And InvITs Master Circulars

The Securities and Exchange Board of India (SEBI) has initiated a public consultation on proposed amendments to the master circulars governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). In a recent consultation paper, SEBI highlighted that the proposed changes respond to requests from market participants for clearer guidelines on...

Delay Of 100 Days In Filing e-Form INC-20A: Registrar Of Companies Imposes Penalty Of Rs. 3.5 Lakhs On 5B Industries India & Its Directors

The Registrar of Companies, NCT of Delhi & Haryana has imposed a penalty of Rs. 3.5 Lakhs on 5B Industries India Private Limited and its directors for delayed submission of e- form INC 20A. E-form INC-20A is a declaration for the commencement of business, which is required to be filed by a company incorporated under the Companies Act, 2013, after the commencement of the...